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To print this article, all you need is to be registered or login on Mondaq.com. The U.S. Senate Committee on Banking, Housing, and Urban Affairs debated the benefits and drawbacks of cryptocurrencies. In a hearing titled Cryptocurrencies: What are they good for?, Committee Chair Sherrod Brown (D-OH) argued that cryptocurrencies: (i) are not backed by the full faith and credit of the United States ; (ii) put at risk Americans hard-earned money ; (iii) create a shadow financial system that lacks oversight, regulation and limits; (iv) are not transparent or democratic as claimed by proponents but rather a shady and diffuse network ; and (v) will enable traditional

United statesMarta belcherJerry britoAngela walchCommittee ranking member pat toomeyFilecoin foundationSchool of lawUs senate committee on bankingMary universityChair sherrod brownRanking member pat toomeyExecutive directorஒன்றுபட்டது மாநிலங்களில்மார்த்தா பெல்ச்சர்ஜெர்ரி பிரிட்டோஏஞ்சலா வால்ச்